I did notice that, having said that he had no intention of buying Chariot shares within the following 72 hours after posting his Larry interview, Ben bought in a couple of days later because the next post said that he had shares in the company. I'm not sure we can read too much into the fact that Malcy and Ben bought in. They spotted a good opportunity - although they were nagged along the way by certain PIs :-) - and Larry talks a good game and the company has a ginormous amount of acreage. Think it's more for those reasons. Meridian Capital investing could be a different story :-)
Don't know - when Old Cobbler talked to Larry, he was left with the distinct impression that the money had been raised mainly because of the centrals which makes me think that Chariot might have needed the money at least in part to pay its share of some more seismic.
If a farm-in partner wanted more seismic to be done on the centrals, perhaps to drill a target in the colossus lead, how much would that cost and how much would Chariot's share of the cost be, assuming it had to pay about a third?
I agree. Companies will value the company differently to the market which is ignoring all license area valuations... The minute Chariot buy the new 'exciting' license I expect chariot to get knocked down by the same amount of cash on the sp. Illogical but that is rational markets for you. It's all about sentiment on AIM. .. A takeover would value us much higher - there was talk of how much some time back - posted on helioschariot website. It's certainly far north from here. I do wonder what Larry is saying to Malcy and Ben - seasoned bull**** detectors - that the market is not seeing. As for news flow - the fact sheet is pointless and the presentation is not to be believed .. So there must be a back channel for info that has Meridian in here .. I expect to have some info on the share register soon ..
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